Chapter vii bankruptcy meaning in English

Learn how to use Chapter vii bankruptcy correctly with Gymglish.
Test and improve your English. Start your free trial today.

TEST YOUR ENGLISH Free trial and no commitment to buy
4,6 on App Store, Play Store and Trustpilot
More than 7 million users

Definition

to file for chapter XI (or VII) bankruptcy: to liquidate all non-exempt assets (for example, cars, work-related tools etc.) verbidiom
Note that chapter VII bankruptcy corresponds to the bankruptcy law.
If sales continue to drop at this rate, we will be filing for chapter XI bankruptcy this time next year. If sales don't increase, we will have to sell all our assets.
  • "According to my research, the Perfume Hut has recently filed for Chapter XI bankruptcy, which comes as no surprise to me."

Still unsure of the best way to use 'Chapter vii bankruptcy'? Improve your English thanks to our online English lessons. We offer a free test as well as a free level assessment!

What our users say:

Pleasure

         

I enjoy doing my online English lessons. Only ten minutes daily are enough...Thank you!

Innovative

         

I love your innovative method which allows me to learn a new language and have fun at the same time!

Unique

         

Your method is unique! Your courses have helped me to progress and gain confidence during my travels.

Progress

         

Gymglish has allowed me to improve my English. A daily routine I wouldn't miss for anything in the world!

More testimonials.

Test your English with Gymglish today and get a free level assessment

Absolutely free - no strings attached.

TEST YOUR ENGLISH